This presentation will analyze recent, notable authority and guidance addressing issues in the field of wealth planning from 2023. Specifically, the presenters will evaluate and comment on several significant cases, rulings, and items of IRS guidance to help advisors in navigating these complicated issues. The presenters will also cover several broad topics of discussion applicable to estate and gift tax and, in light of those issues, how advisors can better counsel clients.
Much was made in 2023 about the IRS’s declaration that no basis adjustment applies to the assets of an irrevocable trust upon the death of a grantor but, what should we consider when reading this Revenue Ruling?
A current understanding of the minimum, acceptable information necessary to comply with the Adequate Disclosure Regulations for gift tax purposes.
IRS Chief Counsel’s position on the gift tax impact of grantor reimbursement for income tax liability from a grantor trust in light of beneficiary consent to such reimbursement.
Course Level: Basic
Course Number: 174226872
CPE Credit: 1.20 Hrs.
MCLE Credit: 1.00 Hr.
New CFP Credit: 1.00 Hr. (Approval Pending)
This Event Begins in:
Alan is Board Certified in Estate Planning and Probate Law and is an American College of Trust and Estates Counsel Fellow (ACTEC). He maintains his CPA license. He represents clients in all phases of business planning, estate planning, and probate. Alan’s expertise is focused on designing and implementing plans to accomplish his clients’ objectives regarding the disposition of their estate, as well as taking maximum advantage of the credits and exemptions provided under the Internal Revenue Code for federal estate and gift taxes. His estate planning practice is devoted to creatively reducing the extent to which an estate is subject to estate taxes.
In the area of probate law, Alan represents executors in the administration and settlement of estates, in addition to preparing estate and inheritance tax returns on both the federal and state level.
Alan frequently speaks on numerous federal tax matters involving businesses, individuals, and estates.
Jana represents individuals and multi-generational families. She primarily focuses on tax planning, drafting complex wills and trusts, implementing wealth preservation strategies, and charitable giving. Jana emphasizes helping clients achieve their objectives by designing creative and functional solutions tailored to their specific goals—whether it involves business establishment or reorganization, or facilitating the administration of a trust or estate.
Jana draws from a vast breadth of experience in her law practice. Prior to joining the firm, she managed a large horse ranch and cultivated successful real estate and insurance practices. Jana’s business-focused background allows her to understand her clients’ concerns and employ a practical approach to tax, estate, and business planning issues.
Jana is admitted to practice in Texas. She is a Certified Financial Planner, CFP® and is Board Certified in Estate Planning and Probate Law by the Texas Board of Legal Specialization.